PYMNTS Study: 59% of Firms Using Three or More AI Tools Stop Fraud Before Losses Occur
Companies combining three or more AI tools in payment fraud defense intercept at least 90% of fraud attempts before funds are lost, compared to just 32% of those without AI defenses—a 27-point gap.
PYMNTS Study: 59% of Firms Using Three or More AI Tools Stop Fraud Before Losses Occur
A report from PYMNTS Intelligence reveals that 59% of enterprises using three or more AI tools in payment fraud defense can intercept at least 90% of fraud attempts before any financial loss occurs. In contrast, only 32% of enterprises without AI defenses achieve the same—a gap of 27 percentage points.
The report, titled Prevention First: Building Smarter Payment Fraud Defenses, was produced by PYMNTS Intelligence in collaboration with Bottomline. The data comes from a July 2026 survey of 150 U.S. finance and treasury executives at companies with annual revenues exceeding $100 million, focusing on how businesses protect payments to suppliers.
The report notes that companies combining AI detection with account verification and stricter approval workflows are making progress against sophisticated fraud. Among AI adopters, 83% use real-time risk scoring to assess suspicious activity as transactions occur; 82% use automated document verification; and 78% scan incoming messages for signs of AI-generated fraud. 77% of enterprises believe AI fraud detection outperforms previous methods, while only 8% consider it worse.
Source: https://www.pymnts.com/news/artificial-intelligence/2026/59percent-firms-with-ai-fraud-defenses-stop-losses-before-they-start/
Provenance & status
- Byline
- OceanAlt Editorial
- First published
- 2026-10-10
- Last updated
- 2026-10-10
- Content type
- Newsflash
- Source material
- View original ↗
Related reading
South Korea's President Confirms AI Role in Attacks on Seven Financial Firms: A Look at the Attack Chain
NVIDIA Open-Sources Agent Security Platform: Another Piece in the Agent Security Infrastructure, from Testing to Deployment
Robinhood Lets AI Agents Trade Without Per-Order Approval — and Clients Bear the Losses
Paste a payee address before you pay and see whether it's on a sanctions list, through a mixer, or tagged for fraud.
This judgement can sit inside your own product
One line of code; it touches neither your CSS nor your JS. The same pre-settlement judgement can appear in your articles, on your wallet's confirmation screen, or as an endpoint your agent calls before it pays.